As a non-trader, I find the technical aspects of how these trading and clearing operations function to be fascinating in their complexity and efficiency. I give you a hard time on your politics posts, but these posts are the real reason that I read your blog. I think crypto is mostly snake oil, but time will tell. Different, with more technology doesn't always or even frequently mean better.
https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html
As a non-trader, I find the technical aspects of how these trading and clearing operations function to be fascinating in their complexity and efficiency. I give you a hard time on your politics posts, but these posts are the real reason that I read your blog. I think crypto is mostly snake oil, but time will tell. Different, with more technology doesn't always or even frequently mean better.
Jeff, check out this article about these two geniuses below.
Interesting article Jeff, but wouldn't that cost FTX a fortune to clear margins every 30 seconds?